About Aramco Ventures
Aramco Ventures is a venture capital firm founded in 2012. It is primarily based out of Dhahran, Saudi Arabia. As of Jan 2025, Aramco Ventures is an active investor, having invested in 85 companies, with 5 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Applications and Environment Tech. Most recently it led the $56M Series C round of Amogy along with Yanmar. This round also saw participation from MOL Switch and other investors.
Overall, Aramco Ventures portfolio has seen 2 unicorns, 2 IPOs and 14 acquisitions including key companies like Desktop Metal, Upside and 908 Devices. A lot of funds co-invest with Aramco Ventures, with names like Chevron sharing a substantial percentage of its portfolio.
Aramco Ventures has team of 22 people including 5 partners.
Key Metrics
Team Members
, &
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B &
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Aramco Ventures' Year-on-Year Investment Trends
Aramco Ventures has invested in 85 companies over the last 12 years, with an average of 6 new investments annually in the last 10 years. In 2024, it made 11 investments, while as of Jan 2025, it has made 1 investment in this year. Its most recent first time investment was in Iota Technologies and most recent follow-on round was in Amogy.
Year | No. of Investments | ||
|---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 0 | 1 | 1 |
2024 | 6 | 5 | 11 |
2023 | 11 | 3 | 14 |
2022 | 10 | 4 | 14 |
2021 | 7 | 5 | 12 |
2020 | 2 | 4 | 6 |
2019 | 5 | 1 | 6 |
2018 | 7 | 2 | 9 |
2017 | 4 | 2 | 6 |
2016 | 6 | 1 | 7 |
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Aramco Ventures' Investments by Stage
Aramco Ventures has made 34 investments in Series A stage with an average round size of $16.6M, 17 investments in Series B stage with an average round size of $31.4M and 10 investments in Series C stage with an average round size of $65M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Series A | 34 |
Series B | 17 |
Series C | 10 |
Seed | 4 |
Series D | 4 |
Others | 2 |
Aramco Ventures' Investments by Sector
Aramco Ventures has a diverse portfolio, with companies operating in the High Tech, Energy Tech, Enterprise Applications, Environment Tech and Sustainability Tech. Notably, it has invested in 74 Enterprise (B2B) companies, 69 Tech companies, 24 Software companies and at least 23 companies focusing on Tech hardware.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
High Tech | 32 |
Energy Tech | 23 |
Enterprise Applications | 20 |
Environment Tech | 20 |
Sustainability Tech | 19 |
Others | 54 |
Aramco Ventures' Investments by Geography
Aramco Ventures has made most investments in United States (42), followed by United Kingdom where it has made 10 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
United States | 42 |
United Kingdom | 10 |
Norway | 7 |
Germany | 3 |
Switzerland | 3 |
Others | 6 |
Aramco Ventures' recent investments
Here are the most recent investments by Aramco Ventures:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 15, 2025 | United States | Series C | $56M | Samsung Heavy Industries [+12] | |
Nov 15, 2024 | Norway | Series B | Undisclosed | [+4] | |
Oct 16, 2024 | India | Series A | $10.4M | Altira Group [+2] | |
Oct 04, 2024 | United States | Series A | $30M | Khosla Ventures [+2] | |
Sep 09, 2024 | United States | Series B | $22.2M | Climate Investment [+2] |
Get the detailed list of all investments by Aramco Ventures. Download now!Unicorns in Aramco Ventures' Portfolio
Here is a list of unicorns in Aramco Ventures' portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
72 | Provider of promotion management and cashback solutions to retailers | 2016 | Washington, DC | Series D | tj{fybk | ||
68 | Threat detection platform for industrial cyber security ecosystems | 2016 | Hanover | Series D | negaswk |
IPOs and Publicly Listed companies in Aramco Ventures' Portfolio
Here are Aramco Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 01, 2021 | Jun 02, 2021 | Post IPO | Undisclosed | |
Dec 18, 2020 | May 06, 2015 | Series C | $11.6M |
Acquired companies in Aramco Ventures' Portfolio
Here are Aramco Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 26, 2024 | Aug 20, 2014 | Series A | $7.87M | |
Jul 02, 2024 | Apr 25, 2016 | Series B | $33.8M | |
Mar 05, 2024 | Jul 05, 2016 | Series C | $6.3M | |
Jan 12, 2022 | May 16, 2017 | Series A | $15M | |
_1557202554295.png?height=40&width=40){kind=logo} | Jan 03, 2022 | Mar 08, 2018 | PE | Undisclosed |
Team profile of Aramco Ventures
Aramco Ventures has a team of 22 membersÌýincluding 5 Partners and 6 PrincipalsÌýlocated in United States, United Kingdom and . Aramco Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Aramco Ventures:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Dhahran | - | ||
Partner | Houston | - | ||
Partner | United States | - | ||
Partner | Dhahran | - | ||
Partner | United Kingdom | - | ||
Principal | Houston | - | ||
Principal | Boston | - | , | |
Principal | Houston | - | ||
Principal | United Kingdom | - | ||
Principal | Scotland | - | ||
Principal | - | - |
Get the full list of Aramco Ventures' team & partners for free. Download now!Co-investors of Aramco Ventures
Over the past 12 years, 461 investors have co-invested in Aramco Ventures's portfolio companies.
- Invested before Aramco Ventures:ÌýEnergy Impact Partners, and 191 others have invested in rounds before Aramco Ventures. There are 4 companies where Energy Impact Partners has invested before Aramco Ventures and 4 companies where Equinor has invested before Aramco Ventures.
- Top Co-investors of Aramco Ventures:Ìý116 investors entered a company along with Aramco Ventures. These include investors like Chevron (3 companies).
- Invested after Aramco Ventures:ÌýA total of 152 investors have invested in Aramco Ventures's portfolio after their investments. Top Investors include (3 companies), (3 companies) and Future Fund (2 companies).
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Recent News related to Aramco Ventures
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